. >> defense secretary leon panetta says that if sequestration kicks in and billions in defense cuts are allowed to stand, he will have to throw the nation's defense strategy out the window, damaging our ability to respond to crises. if congress does not act to stop this, it will be a $1.20 trillion cut in spending, half from the defense department, no corresponding rise and a texas. what is your best guess, evan? >> i think it is going to happen. i don't think congress is capable of getting it together. to. >> if that happens, mark, the consequences? >> carl levin thinks the odds are probably even. but the iceberg is there, we can see it, and we continue to sail in the direction of it. i think republicans, particularly speaker boehner, don't want eight. >> colby, how did it come to this? >> they kicked it down the road on this problem, they put it off, thought it would never happen. they put it up to frighten everybody, but they cannot get themselves together on the question of tax cuts, cutting spending, entitlement reform. they cannot get it done. we are not going to have sequestr